ATIEH MICHAEL G 4

What Happened

• Director Michael G. Atieh received a grant of 681 restricted common shares as director compensation on May 21, 2026. On the same day he disposed of 771 shares in two actions: 193 shares were withheld to cover tax withholding (193 shares × $330.26 = $63,740) and 578 shares were sold in an open-market transaction at $329.53 per share (578 × $329.53 = $190,468). The award vests on the day of the next annual Chubb shareholders meeting if he remains a director.

Key Details

• Transaction date: May 21, 2026; Form 4 filed May 26, 2026 (filed after the U.S. Memorial Day holiday; appears to meet the Form 4 deadline).
• Award: 681 restricted shares (price N/A) granted as director fees under Chubb’s long-term incentive plan (Rule 16b-3 compliant).
• Sales/Withholding: 193 shares withheld for taxes at $330.26 (tax withholding) and 578 shares sold open market at $329.53 (all open-market shares sold at the same price).
• Footnotes: F1 = restricted stock is director compensation and vests at next annual meeting; F2 notes 629.95 shares were credited earlier via dividend reinvestment to a deferred stock account; F3 indicates withholding of shares to satisfy tax liability; F4 confirms sold shares were sold at the same price.
• Shares owned after the transactions: not specified in the filing.

Context

• This filing shows a routine director compensation award plus contemporaneous share dispositions — part of director pay and tax withholding rather than an obvious buy signal. The withholding of shares to cover taxes is a common administrative step when restricted stock is issued and vests.